Good morning/evening everyone and good luck for the day ahead. Once again i have a pdf for you to view/download containing the current major support and resistance levels as i see them for a number of pairs. Please click on … Continue reading
I am pretty sure that if i cut off the numbers along the side and the headings at the top it would be pretty hard to pick which is which.
The USD/JPY strength and overall strength in yen crosses is helping cushion the EUR/USD, GBP/USD and AUD/USD for now.
Those bounces have stalled and we’re back on the ski slope. This feels more like a continuation of the moves we saw before the acceleration.
An article from the excellent Tim Duy; he concludes that targeting inflation is not enough (how do you get there?), that depreciating the Yen to the extent required to get towards the 2% inflation target “would be unacceptable to Japan’s … Continue reading
USD/JPY is the stand-out performer so far this Asia morning. The (four week old) minutes from the BOJ policy meeting show members still seeing very low inflation wanting to boost inflation expectations (perhaps through FX rate influence) MOF rep. said … Continue reading